Credit, Collections & Insolvency News
New analysis published in The Big Issue has revealed evictions and repossessions continued throughout lockdown, as campaigners called for urgent action to prevent an avalanche of homelessness this autumn once Covid-related support ends. The Big Issue has pointed to a potential four-pronged attack on the public in the autumn, with an end to the Universal…
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Older homeowners received a £1.94 billion property wealth boost in the first six months of the year as the equity release market continued its lockdown recovery, new data from equity release adviser Key shows. The number of equity release plans taken out rose by 3% in the six months to June 30th to 20,445 compared…
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The Bank of England’s quarterly Credit Conditions Survey saw respondents say that the length of interest-free periods on credit cards, for both balance transfers and purchases, had increased in the previous three months, with further increases expected in the next three months. Mortgage availability also increased in the three months to the end of May,…
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RVU, owners of Uswitch, Confused.com and Money.co.uk has agreed to acquire Mojo Mortgages. Mojo, based in Manchester, is a free online mortgage broker, delivering personalised mortgage recommendations through a hybrid of smart tech and human mortgage experts. The growing company of over 60 employees has won numerous industry awards for innovations such as Mortgagescore, an…
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